Revenue Up 52% at Peanut Labs

Online sample company Peanut Labs has posted third quarter revenue growth of 52.3% from the prior year period.

The firm, which is now profitable, is projecting $5m in EBITA (earnings before the deduction of interest, tax and amortization expenses) in 2010.

Through its Socially Networked Sample, Peanut Labs profiles millions of 13 to 64 year olds who are members of social networking sites, and provides market researchers with access to them. During the past year, the company has partnered with more than 150 new networks, which brings its current total to 250.

'I am proud of the Peanut Labs team who through their hard work have reversed the industry trend towards declining revenues and accomplished this impressive increase in company revenue,' commented President and co-founder Murti Hussain.

Earlier in the year, the firm launched I-frame, a platform to deliver surveys to respondents within social networks.

Web site: www.peanutlabs.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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